‘Global Economy’ Archive

Houston: More Than Energy

Southeast Texas, specifically the Houston-Baytown-Sugar Land 10-county region, has been one of the most consistently productive and growing metropolitan areas in the country for several years. Since the end of 2011, year-over year (YOY) job growth has remained above 3.0% (often exceeding 4.0%), and ended 2013 with an annual increase of 82,000 jobs. This accounted [...]

U.S. Employment Update: February’s Employment Thaw

Today’s employment report was positive in a number of ways. It indicates that the slower growth experienced in December and January was likely an anomaly caused by the unusually severe weather and not indicative of a slowdown in the general economy. For the real estate sector, this report is particularly encouraging and strongly supportive of [...]

U.S. Employment Update: January Jumble

U.S. employment growth remained weak in January 2014 as the economy added only 113,000 jobs, the second-smallest increase in the past 18 months. Only December 2013 experienced slower employment growth when just 75,000 jobs were added. This back-to-back weakness follows six months when the average gain was slightly more than 200,000 per month, suggesting that [...]

The Lexicon of the European market changes

In a sure sign of a significant improvement in the outlook, the lexicon of the European market place has changed over the past year. We still have “austerity” and “deleveraging” to cope with of course and “bad banks” are also still with us – albeit now more likely to be a specifically designated institution rather [...]

Global Economic Update: Improving Sentiment

As we enter the home stretch for 2013, indicators of business and consumer sentiment reflect growing optimism that 2014 will be a better year than 2013 in every region. In Europe, the transition from recession to recovery continues with mixed results depending on the country. In the Asia/Pacific region both Japan and China continue to [...]

Building Momentum in Europe

Europe’s early summer gains appear to be consolidating as we head towards the run in to year-end, with August seeing a 3.3% increase in the EU’s Economic Sentiment Indicator and a near 12% increase on the year. What is more this is broadly based: 22 out of the EU’s 28 countries saw a step up [...]

Growth Returns to Europe

This week the economic update focuses on the emerging recovery in Europe. Economic data released this week points to growth in Europe in the second half of 2013, a positive development for the global economy. There are still risks, but we remain cautiously optimistic that the global economy will continue to transition to stronger growth later this year and in 2014.

US June Employment Report:Upside Surprise

As the economy improves, interest rates will rise. The good news is, the reason for the increase is a healthier economy and that is good for everyone.

The Return of Interest Rates

It’s finally time to start talking about interest rates again. For the past five years interest rates have not even been in the economic conversation. But recent events in Europe, Asia and the US have brought interest rates and the interest rate policies of central banks around the world back to the forefront. Rising interest [...]

US Consumers May Finally Be Ready to Spend Again

The Current Conditions component of the Index of Consumer Sentiment is one of the better indicators of consumer spending. It is suggesting that consumers feel wealthier and better off in general today than they have in many years…If they begin to increase their spending more rapidly, it will boost the entire US and global economy.